Hi, I'm Viyu. Ask me about the stories collected here. I answer only from them, with numbered links to the outlets that published them, and I say so when they do not cover it.
Majilis Approves Bill Requiring 50% Upfront Payment to Appeal Disputed Taxes
The People's Majlis passed a preliminary vote to accept a government bill amending the Tax Administration Act, which would require taxpayers to pay at least 50 per cent of a disputed tax liability before appealing to the Tax Appeal Tribunal, with 54 votes in favour and 11 against. The bill was referred to the Parliamentary Committee on Economic Affairs after its first reading on 20 October, drawing criticism from opposition MPs who called it a cash-gathering move.
Sources1carried itCM1 of 19 news outlets we monitor
Figures7as written, with their sentences
One outlet so far Only Corporate Maldives has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Who said what
the reports' own quoted words, each once
Under the implementation of the Maldives' tax laws, affluent individuals receive protection, large businesses reap profits, and as successive administrations come and go, tax liabilities continue to be waived.
Companies whose taxes are waived go on to make investments worth hundreds of millions of rufiyaa in that very year. Because of those who evade taxes in this manner, the state is deprived of billions of rufiyaa in revenue that should rightf…
The threshold in this law was amended to 25 per cent earlier this year. Now they are altering it to 50 per cent under the pretext of expediting cases before the Tribunal.
A tribunal cannot adjudicate matters merely because the pre-payment requirement is set at 25 per cent or 50 per cent. The truth is that the state needs money. Having rolled back the tax intended to be collected from foreign tour operators,…
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Figures in these reports
as written, with the sentence they come from
54 membersMajlis members voting in favour of the billCorporate MaldivesThe legislation passed its preliminary vote with 54 members voting in favour and 11 against out of 65 parliamentarians present.
Word for word from the report in Corporate Maldives. Open the report
11 membersMajlis members voting against the billCorporate MaldivesThe legislation passed its preliminary vote with 54 members voting in favour and 11 against out of 65 parliamentarians present.
Word for word from the report in Corporate Maldives. Open the report
65 parliamentariansParliamentarians present at the voteCorporate MaldivesThe legislation passed its preliminary vote with 54 members voting in favour and 11 against out of 65 parliamentarians present.
Word for word from the report in Corporate Maldives. Open the report
50 per centMinimum share of disputed tax to be paid before appealingCorporate Maldivestaxpayers disputing an assessment issued by the Maldives Inland Revenue Authority (MIRA) will be barred from lodging an appeal with the Tax Appeal Tribunal unless they have paid at least 50 per cent of the contested tax liability.
Word for word from the report in Corporate Maldives. Open the report
up to 100 per centMaximum pre-payment requirement in specific circumstancesCorporate Maldivesrequiring taxpayers to deposit the contested sums upfront, reaching up to 100 per cent in specific circumstances, prior to initiating formal appeals against MIRA's assessments.
Word for word from the report in Corporate Maldives. Open the report
25 per centPre-appeal deposit threshold set earlier this yearCorporate MaldivesVaikaradhoo MP Hussain Ziyad pointed out that the pre-appeal deposit threshold had already been modified earlier this year to 25 per cent, and questioned the rationale behind raising it further.
Word for word from the report in Corporate Maldives. Open the report
approximately MVR 1.6 billionProjected annual yield of the rolled-back offshore Tourism GST schemeCorporate Maldivesincluding the rollback of an offshore Tourism GST scheme on foreign booking platforms that had been projected to yield approximately MVR 1.6 billion annually.
Word for word from the report in Corporate Maldives. Open the report
Other events named
no clear day, as worded
The bill was referred to the Parliamentary Committee on Economic Affairs for detailed review after its first reading.after its first reading on 20 OctoberCorporate MaldivesFollowing its acceptance, the bill was referred to the Parliamentary Committee on Economic Affairs for detailed review, after its first reading on 20 October.
Word for word from the report in Corporate Maldives. Open the report
